European Movers: Next (NXT LN) +4.9%, STMicroelectronics (STMPA FP) +1.7%, Henkel (HEN3 GY) -0.3%, Hapag-Lloyd (HLAG GY) -0.4%, BMPS (BMPS IM) -1.0%, H&M (HMB SS) -5.1%

Hapag Lloyd (HLAG GY) - FY 2025 (USD): Revenue 21.1bln (prev. 20.7bln Y/Y), EBITDA 3.18bln (prev. 4.64bln Y/Y); co. notes that the conflict in the Middle East is now causing considerable disruptions and sharply increasing operational costs. Proposed dividend of EUR 3.00/shr. Guides initial FY26 EBITDA 1.1bln to 3.1bln, EBIT -1.1bln to -0.5bln. This outlook remains subject to considerable uncertainty due to the highly volatile development of freight rates and the conflict in the Middle East. (Hapag Lloyd)

Henkel (HEN3 GY) - Henkel is in advanced talks to buy Olaplex, according to Bloomberg; sides are discussing a price of about USD 2/shr. A deal could be announced in coming days, BBG added. (Bloomberg)

H&M (HMB SS) - Q1 2026 (SEK): Op. Profit 1.51bln (exp. 1.39bln), Revenue 49.6bln (exp. 50.5bln), EPS 0.45 (exp. 0.44), Net Income 704mln (exp. 706.6mln); March Sales +1% Y/Y. Board proposes dividend of SEK 7.10/shr (prev. SEK 6.80/shr). Commentary: The quarter began in December with weaker demand following strong Black Friday trading in November.   Towards the end of the quarter our well-received spring collections contributed to a positive sales trend, which also continued into March. (H&M)

Monte Paschi (BMPS IM) - BMPS removed Luigi Lovaglio as CEO after he challenged the bank’s plan to replace him when his term ends in April. (Bloomberg)

Next (NXT LN) - FY 2025 (GBP): Revenue 7bln (prev. 6.32bln Y/Y), Gross PBT 1.15bln, +14.5% Y/Y, EPS +17% Y/Y. Guidance for full price sales growth in the year ahead maintained at +4.5%. Pre-tax profit guidance increased to GBP 1.21bln, +4.5%. This is GBP 8mln higher than the guidance given in January due to the increase in the base profit. (Next)

STMicroelectronics (STMPA FP) upgraded to Overweight from Equal Weight at Morgan Stanley